Consumer Dining Survey: Sales Inching Up; Basket Size Trending Down
2 Min Read By Jana Zschieschang
QSR net sales for the quarter are up 1.4 percent compared to Q2 2021, according to the Revenue Management Solutions (RMS) Q2 Industry Trends Report. Average check was up 7.2 percent for the same period, while Q2 traffic was down 5.4 percent YOY.
Inflation is still climbing, but it's not all bad news for operators
In recent news that probably surprised no one, the Fed announced that the US inflation rate had accelerated, exceeding even already-gloomy expectations. In May 2022, the annual rate was 8.6 percent. Come June, the Labor Department's Consumer Price Index saw that annual rate climb even further to 9.1 percent, the highest it's been since November 1981, not to mention the sharpest monthly increase the country has seen since 2005.
While inflation is most definitely impacting guests, RMS' Q2 2022 Industry Trends Report shows it's not all bad news for operators. QSR net sales are up 1.4 percent YOY after experiencing a decline in overall…
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